Feds Roll Out Final Rules Aimed At Reducing Risky Contracts

Law360, New York (March 1, 2012, 8:39 PM EST) -- The U.S. Department of Defense finalized regulations Thursday that seek to reduce the government’s reliance on risky contracts, implementing a rule that requires the government to increase competition for large purchases under multiple-award contracts and a rule prioritizing fixed-price contracts over cost-reimbursement deals.

Both rules were initially proposed March 16, 2011, to implement contract-related reforms mandated by the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009.

The law required government agencies to prioritize firm fixed-price contracts over other types of contracts more prone to...
To view the full article, register now.